Piramal Enterprises Limited — Investor Meet, 26-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Piramal Enterprises Limited reported a consolidated net profit of Rs. 163 crores for Q2 FY25, driven by the Growth business, which accounted for Rs. 130 crores. Total AUM rose 12% YoY to Rs. 74,692 crores, with Growth AUM increasing by 45%. The company aims to reduce its legacy AUM to under 10% of total AUM by March 2025. The retail segment showed strong growth, with AUM rising 42% YoY, while asset quality remained stable despite some challenges in certain product segments.